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Archive for the ‘Economics’ Category
October 22nd, 2020 - 2:01 pm § in America, China, Christianity, Donald Trump, Economics, Environment, Foreign Affairs, Health, Humor, Hypocrisy, Israel/Palestine, Jews, Law and Courts, Misc., News Media, Politics, Racism, Religion, Russia, Saudi Arabia, Schools & Colleges, Science, The Ave Scene, UW
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10/19/20 relief bill update
Pelosi, representing Democrats, and Mnuchin, representing the White House, are still talking and Pelosi reported some “progress,” but also “highlighted several lingering disputes, including a national testing strategy and state and local government relief. Pelosi also cited tax cre[...]
October 17 relief bill update
After three days of boring and barely newsworthy hearings on a Supreme Court confirmation that is a foregone conclusion, Republicans want to distract voters’ attention from soaring “third wave” Covid-19 infections (read that story here), so Senate GOP Leader McConnell has scheduled[...]
What’s best for the economy now?
A second wave is gripping the U.S. and Europe. What now? Short hard lockdown or drip feed of restrictions? Experts say a short lockdown of 2-3 weeks is better for the economy than fighting a constant battle to contain the virus, because limited restrictions have little impact on the virus and hurt t[...]
Why Pelosi can’t accept Trump’s new Covid-19 relief offer
Zach Carter, a Huffington Post staff writer, argued in an op-ed (here) that the White House’s latest Covid-19 relief offer is a “very good” deal which Pelosi and the Democrats should accept. They can’t. The reason why is found in Carter’s own words: ” … [I]n[...]
October 10 relief bill update
After a chaotic week in which a drugged president shut down negotiations, then came back to the table, here’s where things stand: Fed chair Powell issued a public plea for fiscal stimulus from Congress The House passed a $2.2 trillion relief bill, which is going nowhere Trump is now offering $[...]
October 7th, 2020 - 11:40 pm § in Economics
Chart: U.S. interest rates 1798-2020
Source: The Visual Capitalist (here); click on chart to open; when it opens, click on it again to enlarge. Return to The-Ave.US Home Page[...]
House report calls Amazon, Apple, Facebook, and Google “monopolies”
Antitrust enforcement could lie ahead A Democratic staff report, after 16 months of investigation, calls Apple, Amazon, Facebook, and Google monopolies that should be broken up or at least compelled to divest some of their businesses. Read story here. Other staff recommendations include greater anti[...]
October 6th, 2020 - 7:45 pm § in Donald Trump, Economics, Health, Law and Courts, News Media, Politics
10/6/20 Headlines
Top military brass in quarantine. Read story here. Trump pulls plug on relief bill negotiations. Read story here. Trump’s staff racist Stephen Miller tests positive. Read story here. Biden doesn’t want to be in a room with a germ-spewing Covid spreader. Read story here. Georgia man who p[...]
No relief bill as House adjourns
Democrats and Republicans remained “far apart” on “values” as well as funding when the House of Representatives adjourned for its October recess late Friday, October 2, 2020 (read story here). Republicans have long downplayed the seriousness of Covid-19 while pushing to reope[...]